- Arthi Gupta
- 30 Mar, 2011
- New York City
U.S. indexes gained after the private sector added 201,000 jobs in March and U.S. mortgage and refinancing activity fell. Canada-based Valeant proposed to acquire Cephalon for $5.7 billion. Salesforce.com agreed to buy Radian6 for $326 million.
- Arthi Gupta
- 30 Mar, 2011
- New York City
The European indexes soared after better-than-estimated global economic data. Sovereign debt worries were in focus but stocks in the region traded higher. Bilfinger Berger reported fiscal year 2010 net surged.
- Arthi Gupta
- 30 Mar, 2011
- New York City
Euro-zone economic sentiment dipped in March. Dutch factory price inflation accelerated in February. The Bank of Spain forecasted 0.8% GDP growth in 2011. Spanish retail sales fell in February. Portuguese retail sales decreased and factory output rose in February.
- Devan Biswas
- 30 Mar, 2011
- New York City
Mumbai stocks surged for the seventh day in a row after foreign investors increased net stock purchase in the last one week and crude oil price eased. Silver hit another high and gold near recent highs. Reliance Industries won two oil exploration blocks and ONGC won ten.
- Nigel Thomas
- 30 Mar, 2011
- New York City
The benchmark index in Tokyo soared 2.6% after the yen declined and more companies make a progress in resuming production. Hitachi, Nissan and IHI were among the leading companies that resumed partial operations. Tepco dropped another 18%.
- Marcus Jacob
- 30 Mar, 2011
- New York City
The Australian benchmark index increased 1.4% on the back of a rise in commodities prices. BHP Billiton resumed drilling operations in the Gulf of Mexico and Rio Tinto struggles with Riversdale acquisition.
- Mukesh Buch
- 29 Mar, 2011
- New York City
General Electric agreed to acquire 90% of Converteam based in France for $3.2 billion. The deal strengthens the company position in the alternative energy field.
- Bikram Pandey
- 29 Mar, 2011
- New York City
U.S stocks gained after the release of consumer confidence and metropolitan residential price indexes. The home prices declined 3.1% in January from a year ago and consumer confidence dipped to a 3-month low. GE agreed to acquire France based Converteam for $3.2 billion.
- Mukesh Buch
- 29 Mar, 2011
- New York City
Apollo Group reported second quarter net loss of $64.0 million. Lennar first quarter net income increased to $27.4 million. McCormick first quarter net income rose to $76.8 million. Phillips-Van Heusen fourth quarter net income increased to $52.2 million.
- Marcus Jacob
- 29 Mar, 2011
- New York City
UK GDP in the fourth quarter was revised higher to a shrink of 0.5% compared to previous estimate of 0.6% decline. 2010 economic growth was unrevised at 1.5%. Household spending declined 0.3% in real terms in last quarter of 2010 and for the year declined the most in 33 years.
- Bikram Pandey
- 29 Mar, 2011
- New York City
U.S. stocks traded sideways and crude oil eased for the third day in a row. Residential prices index in metropolitan areas declined in January 3.1% from a year ago led by 9.1% drop in Phoenix. Apollo Group dropped as much as 10% after it estimated lower than expected annual revenues.
- Nigel Thomas
- 29 Mar, 2011
- New York City
European markets drifted lower in the early trading and indexes in Germany and France dropped more than 0.6% but trimmed the losses in the afternoon. Italian banks dropped after UBI Banca planned 1 billion euros of capital addition ahead of the European stress test.
- Devan Biswas
- 29 Mar, 2011
- New York City
Stocks in Mumbai traded higher for the sixth day in a row after crude oil prices eased. The index has soared 6% since the low on March 21. Hero Honda won a government approval for foreign investment. Punjab National Bank and Corporation Bank sold stocks to the government of India at a premium.
- Nigel Thomas
- 29 Mar, 2011
- New York City
Stocks in Tokyo opened sharply lower on lingering radiation leak worries. Tepco said higher level of toxic plutonium was found at the troubled nuclear power plant. Government denied the speculation that Tepco is likely to be nationalized but the stock of the utility dropped 18% to record low.
- Marcus Jacob
- 29 Mar, 2011
- New York City
Fractional gains in commodities prices lifted Australian index. Rio Tinto extended its Riversdale Mining offer for the fourth time and said it acquired consent of 41.04%. The extended offer also increased the offer price to A$16.50 a share.